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Financial Highlights Summary of Income Statement: YoY Change N'million Q1 2020 Q1 2021 VAR % VAR Gross Earnings 51,159 55,122 3,963 7.7% Interest Income Loans 32,340 33,941 1,601 5.0% Interest Income Liquid Assets 11,586 9,121 (2,465) -21.3% Total Interest Income 43,926 43,062 (864) -2.0% Interest Expense Customer Deposits (12,673) (7,681) (4,992) -39.4% Interest Expense Borrowings (6,653) (6,584) (69) -1.0% Total Interest Expense (19,326) (14,265) (5,061) -26.2% Net Interest Income 24,600 28,797 4,198 17.1% FX Income 1,965 5,936 3,971 202.1% Digital Income 1,624 2,203 579 35.7% Other Fee Income (Net) 2,126 (2,574) (4,700) -221.1% Net Fee Income 5,715 5,566 (149) -2.6% Net Revenue 30,315 34,363 4,048 13.4% Total Expenses (21,628) (22,963) 1,335 6.2% Operating Profit 8,687 11,400 2,713 31.2% Net Impairment Losses (2,103) (1,266) -837 -39.8% Profit Before Tax 6,583 10,134 3,550 53.9% Please note: Gross earnings was calculated based on total fees & commission income Net fee income includes net gains/(losses) from financial instruments 12 www.fidelitybank.ng

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